§490:9-401 - Alienability of debtor's rights. - Hawaii Statutes

PART 4.  RIGHTS OF THIRD PARTIES

 

     §490:9-401  Alienability of debtor's rights.  (a)  Except as otherwise provided in subsection (b) and sections 490:9-406, 490:9-407, 490:9-408, and 490:9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.

     (b)  An agreement between the debtor and secured party which prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. [L 2000, c 241, pt of §1]